Albania is at the 57 ranking in the economic freedom ranking of the "2012 Index of Economic Freedom" of the Heritage Foundation published today.The level of economic freedom in the country has increased by 1,1 points compared to last year, above all thanks to the improvements recorded in the fight against corruption and freedom of enterprise. In Europe, Albania is at the 26mo place, among the countries classified as "very free" and its total score is higher than the world average. As stated in the Heritage Foundation report, the government maintained a "competitive" tax burden, with a fixed 10 percent tax on businesses, and the country experienced economic growth that helped reduce poverty and unemployment. However, economic freedom in the country is threatened by widespread corruption and poor protection of private property. Albania remains one of the poorest states in Europe, despite the political and economic reforms adopted by the 1992, the year of the fall of the communist regime. Albania signed a Stabilization and Association Agreement with the European Union in June 2006 as a first step towards EU membership and officially presented the 28 April 2009 membership application. The European Council of Justice and Home Affairs unanimously adopted in November 2010 the regulation providing for the abolition of the short-stay visa regime up to 90 days. Obviously in Tirana, the occasion was met with great celebrations. In April 2009, Albania also joined NATO.
Source:Comparison Chart Albania vs Italy in the last 5 years